Inflation Rate 2024 South Africa Graph. The current inflation rate in south africa is 2.83%, which is calculated based on cpi (consumer price index) values for the last 12 months ending in october 2024. Consumer price index cpi in south africa averaged 32.74 points from 1960 until 2024, reaching an all time high of 116.10 points in september of 2024 and a record low of 1.20 points in february of 1960.

The annual producer price inflation in south africa fell for the third month to hit 1% in september 2024, easing from 2.8% in the prior month. Transport entered deflationary territory, mainly dragged lower by.